Is Stony Island Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stony Island Park is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Stony Island Park was a Seller's Market.

Key Takeaway

Stony Island Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Stony Island Park, IL

How much do homes in Stony Island Park, IL cost?

Median Sold Price

$222,500

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,000(+32.8%)

Key Takeaway

Homes in Stony Island Park have sold for 32.8% more than they did a year ago.

Summary: The median home sold price in Stony Island Park was $222,500 in November 2024, up 32.8% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K-
N/A
2 $136K$91.7K
-32.5%
3 $202K$250K
+23.8%
4 $176.4K$295K
+67.1%
5+ $285K$257.7K
-9.6%

Summary: Stony Island Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.5%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 67.1%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Neighborhoods

Avalon Park
+38.9%
Stony Island Park
+32.8%
Far Southeast Side
+11.8%

Housing Supply in Stony Island Park, IL

How many homes are available in Stony Island Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The Stony Island Park real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 810
+25.0%
4 33
0.0%
5+ 22
0.0%

Summary: The Stony Island Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stony Island Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Stony Island Park in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Stony Island Park, IL

How long does it take to sell a home in Stony Island Park, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days8 Days-84.6%

Summary: Homes in Stony Island Park had an average of 8 days on market in Nov 2024, down by 84.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stony Island Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Stony Island Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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